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Trump sanctions 60 trading partners
U.S. President Donald Trump imposed new tariffs ranging from 10% to 12.5% on imports from 60 trading partners, representing 99% of American imports. The justification was that these countries are not sufficiently enforcing bans on goods produced through forced labor. The measures include countries such as China, India, the European Union, Japan, and Canada. This move is part of efforts to combat the phenomenon of forced labor, which affects approximately 27.6 million people worldwide. The tariffs aim to pressure these nations to improve their actions against forced labor, and they are set to take effect after the temporary 10% tariffs—imposed under Section 122 of the Trade Act of 1974—expire. Some countries, like Brazil and Chile, announced their opposition and threatened to take retaliatory measures through the World Trade Organization. Experts expect that this step may lead to higher prices for consumers and increase political risks ahead of the midterm elections.
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